Two-Unit
For Sale
$600,000
765 775 SE ROBERTS Ave, Gresham, OR 97080
MultiFamily, Gresham, OR
Property Size2,692 SF
Lot Size0.34 Acres
Price / SF$222.88
Days on Market138
Property Features for 765 775 SE ROBERTS Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LDR-5
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 4, Bedroom 3, Bedroom 5
View
Park
Elementary school
East Gresham
Middle school
Dexter McCarty
High school
Gresham
Directions
E Powell Blvd (Hwy 26) - South on SE Roberts Ave
Subdivision
_144
Standard status
Active
APN
R339240
Size
2,692 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Description
SECTION 10 1S 3E, TL 4000 0.34 ACRES
Tax Annual Amount
5509
Legal Description
SECTION 10 1S 3E, TL 4000 0.34 ACRES
Utilities
Heating system
Zoned
Building Details
Year built
1959
Floors in Building
2
Number of units
2
Roof type
Composition, Shingle
Listing Agency:
Rarebird Real Estate
(503) 451-0545
Listed By:
Benjamin Ficker · License #122440
(971) 273-5547
Added: May 12
Changed: Sep 14
Last Checked: Sep 26 at 4:06AM
MLS# 575264615
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex includes one four-bedroom residence and one two-bedroom residence within 2,692 square feet. The property has four bathrooms, zoned heating, and a composition shingle roof. Constructed in 1959, the building occupies a 0.34-acre lot and is designated LDR-5.
Located at 765 775 SE Roberts Ave in Gresham, the property is identified within Multnomah County and the 97080 postal area. The recorded room details include six bedrooms and four bathrooms across the two residences.
Located at 765 775 SE Roberts Ave in Gresham, the property is identified within Multnomah County and the 97080 postal area. The recorded room details include six bedrooms and four bathrooms across the two residences.
Key Highlights
- Two‑unit duplex with one four‑bedroom residence and one two‑bedroom residence
- 2,692 square feet of property size
- 0.34‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,744
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$714,880
$714.9K
Cap Rate 7%
$510,629
$510.6K
Cap Rate 9%
$397,156
$397.2K
Market Conditions
NOI Build-Up for 2,692 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$53.3K $19.80/SF
− Vacancy
−$2.2K −$0.83/SF
EGI
$51.1K $18.97/SF
− OpEx
−$15.3K −$5.69/SF
NOI
$35.7K $13.28/SF
Area
Gresham, OR
Vacancy
4.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$714,880
Cap Rate 7%
$510,629
Cap Rate 9%
$397,156
Alternative Uses
Best Use
Multifamily LT 5
$510.6K
$446.8K – $595.7K
NOI $35,744 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$459.0K
$401.7K – $535.6K
NOI $32,133 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$615.2K
$538.3K – $717.7K
NOI $43,061 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
803
Businesses Nearby
Explore this area
Business Placement
Demographics for 97080, OR
45,647
Population
17,276
Households
2.6
Avg Household Size
38
Median Age
28%
College-Educated
90%
High-School Grad
21.6 sq mi
ZIP Area
2,113
Density / Sq Mi
$96,218
Median Household Income
$47,562
Median Earnings
$1,596
Median Rent
$485,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Four- and two-bedroom residences occupy a residentially zoned property in Gresham.
Where is this duplex located?
The property is located at 765 775 SE ROBERTS Ave Gresham, OR.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two‑unit duplex with one four‑bedroom residence and one two‑bedroom residence; 2,692 square feet of property size; 0.34‑acre lot
